According to the Authors of Your Text, What Is One

question 41

Multiple Choice

According to the authors of your text, what is one way people can begin to learn from their mistakes?

• A)by adding new cognitions to justify their actions
• B)by changing their behavior in response to dissonance
• C)by recognizing the tendency to justify our actions
• D)by using denial and rationalization to cope with distress

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Definitions:

Oligopoly

A market situation in which a small number of sellers constitutes the entire industry. It is competition among the few.

Cartel Arrangements

Agreements among competing firms to control prices or exclude entry of a new competitor in the market, often resulting in anticompetitive behavior.

Oligopolists

Firms or individuals that control the market for a particular good or service in an oligopoly, where a small number of entities dominate.